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RENTALS.SG: Commercial Rental Guide for Landlords (Singapore)

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RENTALS.SG. The Singapore Commercial Listing Guide for Landlords explains how to get the best out of your advertising your commercial rental property and make the highest viewer impact. Singapore landlords can advertise their residential and commercial property in Singapore on RENTALS.SG and save on agent commissions by going direct. Reach expatriates and commercial tenants directly, save on agent commissions, never miss a lead and close on your own Singapore property. Visit RENTALS.SG to find or post a property.

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RENTALS.SG: Commercial Rental Guide for Landlords (Singapore)

  1. 1. RENTALS.SG Commercial A Guide to Listing Your Commercial Property Commercial Rentals “In a so( or firm market, it make sense to use new tools and technologies to reach new tenants, thereby poten;ally saving significant costs”.
  2. 2. Today Join Our Global Community Today in Singapore RENTALS.SG RENTALS.SG and our global property rentals website, RENTALSWORLDWIDE.com, is home to over 250,0000 vacation rental properties, more than 140,000 hotel listings worldwide and a growing community of landlords who list their long-term rental properties direct to potential tenants. With rental demand growing in major cities around the world, Singapore is no exception. RENTALS.SG presents a local unique platform for Residential & Commercial Landlords to reach potential tenants without engaging a real estate agent. Advertising your commercial property for rent is a simple online process. You will receive your potential tenant enquiries directly. We do not charge a commission or agent fee and that means great savings by simply Going Direct with a top local domain name. All property owners are ID verified by passport, driving license or IC. In this way, we offer a secure community and that helps build trust for potential tenants. You can start listing your commercial property by type immediately. Rent your Commercial property DIRECT to Tenants
  3. 3. Started Let’s Get Started First impressions always count when it comes to advertising a rental property. Communicating the unique features and benefits of your commercial property are key to attracting tenant enquiries. You will be able to create your own headline, description and select from a very comprehensive list of standard commercial property feature by type. We cover office, retail and various industrial types of property. Shop houses are listed in an independent section for maximum exposure. Your monthly rate, security deposit and advance rent requirement can be included in the listing for complete transparency. To apply for membership to list your property will need to have your property information, some great photographs, your passport, IC or driving license and either a Paypal account or credit card ready. Showcase your commercial property in the best possible way in less than 15 minutes. Uploading your commercial property is a simple process RENTALS.SG
  4. 4. Simple Keeping The Process Simple Renting your commercial property is a business and as with all businesses, there are a number of factors to consider when marketing your property. Your tenants have a choice and are likely well informed of the local market conditions. Making sure that your property is presented in the best possible way and described fairly and accurately, so that you attract the right tenant quickly and obtain a fair market rental rate, are important factors to consider. You also need to make sure that you conform to all local regulatory requirements and comply with the law and if you are unsure, you should seek advice. At RENTALS.SG, we believe that presenting your property in the best possible way is key to attracting enquiries and finding a tenant. Keeping your costs down is critical to your pocket – which is why, for commercial rentals, we not only empower you to deal direct with tenants but save you significant costs on agent commission fees. The business landscape is changing and the direct to tenant model is growing rapidly. Save on agent commissions by going direct RENTALS.SG
  5. 5. Involvement Decide Your Own Level Of Involvement With RENTALS.SG, you now have the ability to save yourself a considerable amount of money on agent commission fees and advertising, all for a small fee and some personal time and involvement. You will also have complete control and will be able to establish a direct relationship with your tenants. No Lease Agreement? If you do not have a standard English language commercial lease agreement to sign with your new tenant, you can simply download one from your control panel and, if appropriate, you can complete the details directly with your tenant. Of course some members may find the tenant directly and decide to pass the client to their own agent by negotiating a lower commission fee. The system is flexible. You decide your own level of involvement. Invest a little personal time to save money RENTALS.SG
  6. 6. Property Prepare and Showcase Your Commercial Property Office space, retail space, commercial building or warehouse. Each property has a unique location and features. Simply make sure these features and their benefits are communicated to the tenant through your listing. The checklist covers key features, such lift system and floor loading. All amenities, electricity systems, fire safety and air-con or ventilation systems should be in good order. Make sure that the property shows well and entrance areas are tidy. Make minor repairs and remove any garbage. Offer as much information on your property and the local area as you can, including public transport for staff convenience. Do not overlook compliance and safety requirements. The property must meet any regulations and safety compliance before you advertise to rent. Please seek advice if you are unsure. Showcase your property in the best way possible RENTALS.SG
  7. 7. Advert Putting Together a Winning Advert At RENTALS.SG we believe in bringing a highly professional approach to advertising your commercial rental property. With large format images, unique property headline and full description together with a well structured and complete check-list of features, we ensure that nothing is overlooked in bringing your property to the attention of commercial tenants. Agent adverts are typically very brief, lacking in detail and good quality images. Often information is outdated and heavy loaded sites may look impressive but are tenants really to go through tens of thousands of properties to find one? By understanding that potential tenants look for different information within your advert, it is important to make your description and photographs as strong as possible. By doing this yourself, you leave nothing to chance. A winning advert draws attention and attracts enquiries and that means a potentially improved rental return. We ensure that listings remain relevant and quality rather than quantity is key. Show great pictures and as much information as possible RENTALS.SG
  8. 8. 1000 Words A Great Photograph is Worth a Thousand Words It is very important to take time for photographs. They can present your property better than any words and is important as most people are visual by nature. Good photographs are likely to engage with the potential tenant’s attention. Many agency images on the internet are of a poor standard and do nothing to represent the property well.. Here are a few tips to help take the best photographs: - Prepare you property and choose a clear bright day, preferably with morning sun. Remove any unsightly objects. Do remember to take photographs of any special features such lifts or loading bays. Try to avoid people in general photographs. - Use natural light and shoot away from the windows to avoid exposure issues. If you require additional light, use the interior lighting but try both with and without the lights on and select the best results. - Never display dark or cluttered images. Correct any photographs using simple editing software on your computer and choose the best results. - Make sure you have good exterior shots of the property such as parking and entrances. Showcase your rental property with up to 25 photographs Use simple editing tools to best present your property RENTALS.SG
  9. 9. Rental Rate Advertising With The Right Rental Rate Much in the same way as a clear description together with good photographs attract positive attention, the same detail should be paid to your published rental rates. It is important that the property is not over priced or too low. It is worth spending a little time to research comparative rates for similar commercial properties. The key to negotiating the final rentals rates is to be flexible within your limitations. Simply rejecting a good offer without discussion may cost you more in lost income over the coming weeks or months should the property remain unoccupied. With your potential cost savings, you may be able to make some concessions to close the rental rather than miss a good opportunity. Target commercial tenants directly RENTALS.SG
  10. 10. Enquiries Responding to Your Enquiries When a potential tenant makes an enquiry, they will contact you directly through the enquiry system to your account. You will also be alerted by email. The tenants or your own email will not be disclosed until such a time as you both agree to share your contact information directly. Our advice is to always respond to tenants on the same day as you receive the enquiry to improve the chances of a successful appointment. Always include as much information as the tenant may have requested. Responding to enquiries presents an ideal opportunity to get to know each other and establish an early business relationship. Your tenant will want to view the property, so provide clear meeting point instructions when arranging a viewing. Receive and manage your enquiries through your control panel RENTALS.SG
  11. 11. Tenants Meeting Your Potential Commercial Tenants Meeting with your potential tenants should be a positive and friendly experience. Be prepared for the meeting with a Letter of Intent or similar document and a draft Tenancy Agreement. You may want to prepare your own, but a sample in English is provided on your control panel for your convenience. Show the benefits of the property and listen for feedback. Be clear and flexible, within your limits, to any requests as this will influence the tenant decision making process. Clarify the rental rate and the responsibility of each party towards the security deposit, notice periods and other costs. Having now shown or given the details of your property and explained the features and benefits, you can simply ask for a decision and take next steps. Office space, shop houses and retail space for rent RENTALS.SG
  12. 12. Payments The Tenancy Agreement Deposit & Payments As soon as you have signed a Letter of Intent and prior to signing the Tenancy Agreement, you should take an agreed non-refundable deposit to remove the property from the market. You will also need a copy of the tenant’s ID, company registration and any references. Upon signing the Tenancy Agreement, you should secure the advance rent and a security deposit. The non-refundable deposit will normally be converted to become the security deposit. You should provide a receipt and provide your bank details to the tenant for the ongoing lease payments. Registering a Tenancy Agreement is required and can be filed on-line with IRAS. Links to IRAS procedures and stamp duty can be found in your control panel. If you are unclear, seek professional legal advise or accounting advice or check further with IRAS online to ensure that you are following the correct process and are compliant. Discuss and agree terms and conditions directly RENTALS.SG
  13. 13. Tenants Preparing For Your Commercial Tenants Your commercial tenants are ready to move in. The following are a few pointers to help with a successful transition. - Make sure the property is clean, any repair work and servicing has been completed. - Remind your tenants to arrange for the transfer of utility bills to their name and take meter readings. - Explain how to operate any systems such as security alarms and access times, management office hours, air-con hours etc. - Prepare the key sets. - Prepare and together with the tenant review and sign the inventory list. Each party should keep a signed copy. - You may like to take photographs to avoid any future disputes. - If there is any damage to the property, fixtures or fittings, then this should be noted and countersigned by both parties. - Confirm that you have a copy of your tenants official ID and business registration documentation. Choose the right plan to help you rent RENTALS.SG
  14. 14. Factors Key Success Factors RENTALS.SG enables members to Go Direct, reach a wide audience and save on agent commission fees. Our service is simple and the savings can be considerable. Here are a few tips to help with your success. - Take good photographs and write a clean description of your commercial property. - Be timely when responding to enquiries – always within 24 hours - Keep accurate records of the tenancy throughout the period - Maintain a good relationship with your tenants - Resolve any potential problems early - Insure your property - Maintain the property throughout the tenancy - Ensure that you comply with all local regulations Building relationships directly RENTALS.SG
  15. 15. Membership Opening An Account & Enjoy Membership Opening a membership account to advertise your commercial rental property is a simple process. Just click the “List Your Property” button, complete your registration details. Uploading your property details is simple and secure. The membership fee is valid for 6 months and if your property is not rented within that time, you may extend for a further 6 months, free of charge. If you have rented your property already, the listing will expire naturally. Membership is paid once and in advance for the first 6 month period. We keep advertising periods “short” to ensure that the properties that are available within the marketplace remain relevant. It is not in the landlord or tenants interest to have out dated properties advertised. It simply wastes time. If you own or manage four properties or more, you may contact us directly and a specialist will assist you. Use the contact from on-line. Just click the “List Your Property” icon now to list your commercial rental property. Let’s get started! Become a Member and list your property for rent RENTALS.SG
  16. 16. STAEYX | LPIVLE O| EXRPLEO Registered Office: The PHILLIPS Group Pte Ltd 8 Robinson Road | ASO Building | #06.00 | Singapore | 048544 All rights are reserved. No part of this publication may be reproduced, distributed, or transmitted in any form or by any means. This includes but is not limited to photocopying, recording, or other electronic or mechanical methods, without prior written permission of The PHILLIPS Group Pte Ltd. The PHILLIPS Group Pte Ltd have made every effort to ensure the accuracy and completeness of the information contained in this brochure and we assume no responsibility for errors, in accuracies, omissions, or any inconsistency herein. Any likeness or similarity to people, places or organisations is unintentional and purely coincidental. Local rules and regulations vary by country. Be sure to check with your local authorities before listing or renting your property long-term. Always refer to our Terms & Conditions and Privacy Policy on our website. Copyright © 2014, The PHILLIPS Group Pte Ltd RE WELCOME TO OUR GLOBAL RENTAL COMMUNITY RENTALSWORDWIDE.COM | RENTALS.SG

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